South32 Ltd (S32) Given New GBX 130 Price Target at Jefferies Group
South32 Ltd (LON:S32) had its target price boosted by Jefferies Group from GBX 110 ($1.44) to GBX 130 ($1.70) in a research report issued to clients and investors on Tuesday. The brokerage currently has a “hold” rating on the stock. Jefferies Group’s price objective would suggest a potential downside of 1.70% from the stock’s previous close.
A number of other brokerages have also weighed in on S32. Credit Suisse Group AG restated a “neutral” rating and issued a GBX 90 ($1.17) target price on shares of South32 in a research note on Monday, July 18th. Barclays PLC restated an “equal weight” rating and issued a GBX 85 ($1.11) target price on shares of South32 in a research note on Thursday, August 25th. Deutsche Bank AG restated a “hold” rating on shares of South32 in a research note on Tuesday, July 12th. Macquarie restated an “underperform” rating and issued a GBX 90 ($1.17) target price on shares of South32 in a research note on Tuesday, August 30th. Finally, BNP Paribas restated an “outperform” rating and issued a GBX 92 ($1.20) target price on shares of South32 in a research note on Wednesday, June 29th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 94.89 ($1.24).
Shares of South32 (LON:S32) opened at 135.50 on Tuesday. The stock’s 50 day moving average price is GBX 117.73 and its 200-day moving average price is GBX 93.93. The firm’s market capitalization is GBX 7.21 billion. South32 has a 52 week low of GBX 41.25 and a 52 week high of GBX 170.25.
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